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Analysts’ Top Utilities Picks: Marathon Oil (MRO), NextEra Energy (NEE)

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on Marathon Oil (MROResearch Report) and NextEra Energy (NEEResearch Report) with bullish sentiments.

Marathon Oil (MRO)

In a report released yesterday, Arun Jayaram from J.P. Morgan maintained a Buy rating on Marathon Oil, with a price target of $32.00. The company’s shares closed last Friday at $25.90, close to its 52-week high of $26.40.

According to TipRanks.com, Jayaram is a 5-star analyst with an average return of 12.9% and a 56.4% success rate. Jayaram covers the Utilities sector, focusing on stocks such as Continental Resources, Southwestern Energy, and Antero Resources.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Marathon Oil with a $29.79 average price target, implying a 18.8% upside from current levels. In a report issued on April 2, Stifel Nicolaus also maintained a Buy rating on the stock with a $34.00 price target.

See today’s best-performing stocks on TipRanks >>

NextEra Energy (NEE)

In a report issued on April 7, Jeremy Tonet from J.P. Morgan maintained a Buy rating on NextEra Energy, with a price target of $96.00. The company’s shares closed last Friday at $86.09.

According to TipRanks.com, Tonet is a 4-star analyst with an average return of 8.2% and a 60.6% success rate. Tonet covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Dcp Midstream Partners, and Equitrans Midstream.

NextEra Energy has an analyst consensus of Strong Buy, with a price target consensus of $93.33, a 7.1% upside from current levels. In a report issued on April 7, KeyBanc also maintained a Buy rating on the stock with a $89.00 price target.

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